How did his portfolio help build BitBoy Crypto’s Net Worth?

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BitBoy Crypto
BitBoy Crypto

Bitboy Crypto Net Worth

Bitboy Crypto Net Worth, according to the 2024 estimates, is about $10 million. Here, we will share the essential details regarding his income, assets, expenses, and related details.

BitBoy Crypto is known today as a YouTuber, podcaster, and crypto enthusiast who uploads videos highlighting Crypto and trading tricks to get high returns and limit big losses.

  • Real name: Ben Armstrong
  • Net Worth: $10 million
  • Birthday: October 27, 1982
  • Birthplace: United States
  • Age: 41 years old
  • Height: 5 ft 8 in
  • Nationality: American
  • Occupation: Crypto trading YouTuber
BitBoy Crypto Details
BitBoy Crypto Details

Financial details breakdown

BitBoy Ben runs a website called BitBoyCrypto.com, giving updates about crypto, new information, regulation, and trends.

New users get to know the fundamentals of trading, making it easier for them to dip their toes into the crypto field, whether it’s buying Bitcoin, Ethereum, or altcoins.

BitBoy Crypto monthly earnings from different sources of income are around $40K to $50K. That said, the BitBoy Crypto yearly earnings are around $480K to $600K.

Sources of Income- How Did BitBoy Build His Net Worth?

Crypto companies pay influencers millions to promote financial products on YouTube, TikTok, and Telegram. In 2023, Mr. Armstrong signed a contract worth $1 million a month with Stake, the gambling company that lets users wager Crypto in casino-based games.

One of Armstrong’s wealth-making schemes was content creation activities on the ‘Bitboy Crypto’ channel. Previously, people used to know that the influencer became rich through his cryptocurrency investments. However, the reports brought to us the details that Armstrong invested in BTC 2012 when it was less than $20, which generated significant profits compared to the current market price.

Ben first started with crypto by accident in 2011 and that was when he had a ticket-selling business (Front Page Tickets). Also, he was dependent on the website that he used to advertise his business changed its payment options and only accepted Bitcoin.

Crypto Portfolio

Bitboy Crypto openly shared his portfolio with fans, and in this regard, it can be said that the value of his holdings exploded in 2021. His portfolio back then was worth a staggering $28 million on October 15th, 2021. In March 2023, Ben published another update on his latest holdings, revealing he was worth $33 million.

Ben owns 100’s coins with Bitcoin, Ethereum, Cardano, XRP, Polkadot, and Solana in his top six holdings.

His main holdings include the following:

  • Bitcoin – $4.1 million
  • Ethereum – $3.36 million
  • Stablecoins – $2.4 million
  • Cardano – $925,000
  • XRP – $824,000
  • Polkadot – $785,000
  • Solana – $705,000
  • Avalanche – $607,000
  • Elrond – $669,000
  • FTT – $437,000

YouTube advertising revenue

The rise of Bitcoin and altcoins helped Ben’s channel take off. He continues to grow his audience as the crypto market goes mainstream.

Ben started his channel around January 2018 and earned recognition as one of the top five crypto YouTubers, alongside Benjamin Cowen, Lark Davis, CryptosRUs, and Coin Bureau.

In July 2021, YouTube banned BitBoy for a brief period. He tweeted, stating his ban was due to the unfair crackdown on crypto-related content. However, the ban didn’t last long, as the channel was reinstated within 24 hours.

Other business ventures

Ben holds about $1.5 million in cash just in case an investment opportunity opens up. He had marked his performance beyond just uploading videos and now has a website, merch store, and academy (bitlabacademy.com). The large audience across social media sites has also assisted him a lot. Ben sells advertising to make additional revenue.

The crypto influencer offered merchandise in addition to offering exclusive content for his fans when they paid him more money. Partnerships and affiliation programs helped him generate more income.

Bitboy Crypto was charging $40,000 for one full, dedicated review. Projects were available with a plan for choosing a segment video for $15,000.  Bitboy Crypto’s dedicated media kit showed that he was apparently charging $35,000 for a dedicated review. Livestream mention and a YouTube interview also revealed at the same time that he was charging $20,000 and $40,000, respectively. For the Telegram AMA in Bitsquad, Bitboy Crypto’s Armstrong would charge $10,000, costing $2,500 to publish a website article with Bitboy Crypto.

Occupation as a podcaster

As a podcaster, Ben earns approximately $300,000 per year.

How do we calculate the net worth?

To calculate the net worth, we subtract total liabilities from total assets, where the latter includes investments, savings, and any equity in a home, car, or other similar assets.

There were many signs proving that Armstrong was rich, but it was hard to determine the actual wealth as he never shared his actual worth with the public, and it’s a well known fact that the crypto market was very volatile. So, the value of his digital asset portfolio is just estimated data.

Lifestyle, Assets, and Expenditures

The cryptocurrency content creator owns a luxurious house in Acworth, GA. 

BitBoy Crypto had $5 million in real estate spread across seven properties.

Car collection

The famous YouTuber owned many cars including a Lamborghini Huracán Performante worth $350,000 as well as a Toyota.

Expenditures

Armstrong showed off his wealth through his silver-colored Lamborghini Huracan Performante, which worked as proof of a highly profitable success in the early crypto days. Besides he often kept wearing Gucci T-shirts, as well as the infamous Gucci-branded green pantsuit.

BitBoy ended up spending $10,000 worth of BTC advertising his ticket business.

Ben didn’t have a good understanding of Bitcoin and missed out on seven-figure profits when he sold too early. In 2017 BTC hit $20,000, and that was when Ben invested a lot of time into learning about the potential of blockchain technology.

Personal life

BitBoy Crypto is married to Bethany Armstrong, and the couple has three kids together. But, his wife had filed for a divorce.

YouTube

  • Channel name: BitBoy Crypto v2
  • Joined on: Sep 6, 2023
  • Number of subscribers: 103K+

Recognition in the crypto space

CRYPTO KING BitBoy Crypto, real name Ben Armstrong, has witnessed success as an alt-finance enthusiast and investor. He runs a YouTube channel covering the latest crypto news and coin reviews. In addition, what makes him highly popular is that he offers trading advice.

His YouTube channel offers the latest news and views about the crypto market. He developed expertise via extensive experience after first investing in Bitcoin in 2012. 

Cryptocurrency content creator BitBoy Crypto serves as a blockchain enthusiast.

His crypto asset holdings and YouTube business valuation have been one of the major reasons behind his incredible success and net worth. Since his fall from grace starting in mid-2022, BitBoy Crypto has lost a significant portion of his net worth.

Bitboy Crypto Lost A $40 Million

Ben Armstrong’s rise to fame crashed down under corporate and personal scandals, and then he made the decision to stop daily livestream after three years.

BitBoy was one of the most popular figures when it came to the wild, scam-ridden world of crypto influencers. The Lamborghini proved that Crypto would make you rich and successful. The Lamborghini had never belonged to him, actually, as well.

Two years later, Armstrong lost his production company and a big portion of his wealth. His friends gave up on him, and his wife filed for divorce. Mr. Armstrong has claimed to be the victim of a “criminal conspiracy” by “terrorists” that acquired his YouTube channel.

The major issue started in August when Mr. Armstrong’s group of friends and business partners ousted him from his company, HIT Network, which later expanded to a wide-ranging scandal, including allegations of theft, extortion, sexual harassment, and workplace violence.

Armstrong was caught “unlawfully directing and diverting” around $50,000 a month to Ms. Wolfe, with whom he was having an extramarital affair. Also, some reports revealed that Armstrong had also stolen tens of thousands of dollars in Crypto from the firm, including several digital collectibles and NFTs.

During the pandemic, Armstrong’s investment portfolio was surging, and he had about $40 million of Crypto. Most of the assets technically belonged to BJ Investment Holdings.

FAQs

Did Bitboy get divorced?

“BitBoy,” Ben Armstrong has since lost everything, including his wife, who recently filed for divorce.

What happened to BitBoy crypto?

Ben Armstrong, popular as “Bitboy,” has declared an end to his daily livestream. He couldn’t anymore cope with the show’s production costs.

Can people trust BitBoy?

Ben Armstrong had been caught charging for advertisements and lying about it. BitBoy omitted to disclose the paid advertising content and all of this led to claims about him defrauding or misleading his fans.

How did BitBoy get rich?

Armstrong has acquired most of the wealth from YouTube advertising revenue, affiliate marketing, merchandise, and promotional deals. BitBoy Crypto merchandise store sells t-shirts, hoodies, mugs, and other accessories.

Why is Ben “BitBoy” Armstrong in jail?

Ben “BitBoy” Armstrong faced arrest after live-streaming himself at Carlos Diaz’s home attempting to confront a former business partner. Carlos Diaz is a crypto investor and consultant.

Why is BitBoy being sued?

Defendants took control of Armstrong’s account on X.com for expressing the purpose of publicly harassing, embarrassing, and intimidating” him.

Who did BitBoy sue?

Bitboy kept asking fans for donations for suing the Shedds after he was kicked off Bitboy Crypto, as he claimed he controls 67% of. However, according to Shedds, that wasn’t the case, and they claimed Armstrong assaulted staff physically and sexually.

How did BitBoy lose his company?

Ben Armstrong, founder of BitBoy Crypto, announced his departure due to an internal coup by TJ Shedd and Justin Williams.

Final say

Reddit users have posted threads warning others to be cautious when it comes to investing in coins, especially the ones that BitBoy mentioned on his show. Some viewers blindly buy coins with small market caps, and they do not like any of them when they realize that the price quickly dumps. Share your thoughts about the YouTuber; we will be happy to receive your opinion.

Limitations: All information presented here is gathered from sources that are considered reliable. Yet, we assume no responsibility or liability regarding the accuracy of the information. The values that we have stated here are only estimates based on our research.

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